According to the latest report from the IMARC group, entitled “Soft drinks market in Africa: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,“The African soft drinks market is expected to grow at a CAGR of 9.4% during the period 2022-2027.
Soft drinks are temperance drinks that are alcohol-free or contain less than 0.5% alcohol by volume. These are mainly sports and energy drinks, ready-to-drink tea, soft drinks, juices, bottled water, coffee, etc. Soft drinks help rehydrate the body, improve cardiovascular health, boost metabolism, improve digestive functioning, and more.
like the novel coronavirus (COVID-19) The crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic. .
Soft Drinks Market Trends in Africa:
The growing inclination of consumers towards ready-to-drink beverages is driving the growth of the soft drinks market in Africa. Additionally, growing demand for soft drinks, such as fruit juices, dairy drinks, functional drinks, etc., is also propelling the market in the country. Additionally, various regional manufacturers are investing in the development of innovative product variants that are similar in taste, texture, and color to alcoholic beverages. Additionally, rising demand for nutritious drinks, fortified fruit drinks, dairy-based drinks, etc., is further catalyzing the market growth in Africa. Moreover, growing consumer preference for organic and natural ingredient-based variants is also boosting the demand for the products in the country. This, in turn, is expected to fuel the soft drinks market in Africa over the coming years.
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Africa Soft Drinks Market Analysis and Segmentation 2022-2027:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
AG Barr plc, Al Ahram Beverages Company SAE (Heineken NV), Coca-Cola Peninsula Beverages (Pty) Ltd, Faragalla Group, Juhayna Food Industries SAE, Kingsley Beverages (Pty) Ltd, Nestlé SA, PepsiCo Inc, Pioneer Food Group Limited, Red Bull GmbH, The Beverage Company, The Kraft Heinz Company, Tiger Brands Limited and Twizza (Pty) Ltd.
The report has segmented the market based on region, product type, category, package type, distribution channel, and end user.
Breakdown by product type:
- Soft drinks
- Non-carbonated drinks
- Fruit and vegetable juices
- Functional drinks
- RTD Tea and Coffee
- Bottled water
Breakdown by category:
Breakdown by type of packaging:
Breakdown by distribution channel:
- Supermarkets and Hypermarkets
- convenience stores
- Specialty stores
- Online stores
Breakdown by end user:
Breakdown by country:
- South Africa
- Ivory Coast
Ask the analyst to customize and explore the full report with table of contents and list of figures: https://bit.ly/34zfCWv
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